Common use of Pursuant to the Plans Clause in Contracts

Pursuant to the Plans. the Committee has determined that it is to the advantage and best interest of the Company and its stockholders to grant an Incentive Stock Option to the Participant covering 10,000 shares of the Company's Common Stock as an inducement to remain in the service of the Company and as an incentive for increased effort during such service, and has approved the execution of this Incentive Stock Option Agreement between the Company and the Participant.

Appears in 8 contracts

Samples: Employment Agreement (Bell Industries Inc), Employment Agreement (Bell Industries Inc), Employment Agreement (Bell Industries Inc)

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Pursuant to the Plans. the Committee has determined that it is to the advantage and best interest of the Company and its stockholders to grant an Incentive Stock Option to the Participant covering 10,000 25,000 shares of the Company's Common Stock as an inducement to remain in the service of the Company and as an incentive for increased effort during such service, and has approved the execution of this Incentive Stock Option Agreement between the Company and the Participant.

Appears in 2 contracts

Samples: Employment Agreement (Bell Industries Inc), Merger Agreement (Bell Industries Inc)

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